BTC $63,927.26 +0.49%
ETH $1,841.14 -0.64%
BNB $566.52 -0.93%
XRP $1.08 +0.04%
SOL $75.14 +0.03%
TRX $0.3225 -0.07%
DOGE $0.0725 +0.45%
ADA $0.1674 +4.24%
BCH $218.92 -1.72%
LINK $8.25 -0.71%
HYPE $59.71 -0.88%
AAVE $89.77 -1.18%
SUI $0.7388 -0.17%
XLM $0.1850 +0.58%
ZEC $546.99 +3.24%
BTC $63,927.26 +0.49%
ETH $1,841.14 -0.64%
BNB $566.52 -0.93%
XRP $1.08 +0.04%
SOL $75.14 +0.03%
TRX $0.3225 -0.07%
DOGE $0.0725 +0.45%
ADA $0.1674 +4.24%
BCH $218.92 -1.72%
LINK $8.25 -0.71%
HYPE $59.71 -0.88%
AAVE $89.77 -1.18%
SUI $0.7388 -0.17%
XLM $0.1850 +0.58%
ZEC $546.99 +3.24%

ethe

All
Article
Flash

Cambridge Research: The United States hosts about 31% of Ethereum nodes, with over 1/3 of the nodes offline or affecting final confirmation

The latest research from the Cambridge Centre for Alternative Finance shows that approximately 31% of Ethereum node activity is located in the United States, with about 39% distributed in the EU region excluding the UK, indicating that the geographical distribution of Ethereum nodes is still relatively concentrated in Western countries. The research leader, Alexander Neumuller, stated that the current node distribution is not concentrated in a single country but primarily relies on a few cloud service providers, including Hetzner, Amazon AWS, and OVH.It is noteworthy that the Ethereum network does not require half of the validators to fail for issues to arise; when more than one-third of validators go offline simultaneously, the network may be unable to complete the finalization of block checkpoints. Neumuller pointed out that nodes and validators do not have a one-to-one correspondence; a single node may run multiple validators, making it currently impossible to accurately assess the actual impact of a specific node or service provider failure on the validation network. Additionally, the research reassessed the energy consumption situation after Ethereum's Merge. The data shows that Ethereum's current annual energy consumption is approximately 7.9 GWh, equivalent to about 1 megawatt of continuous power, which is only about 0.02% of the pre-Merge level, with energy consumption decreasing by approximately 99.98%. Currently, the proportion of sustainable energy used by the Ethereum network exceeds 56%, higher than the global average. The research also pointed out that the concentration of client software is another potential risk; if a dominant client has a vulnerability, it could affect a large number of network participants. The report was published by the Cambridge Centre for Alternative Finance, with support from the Ethereum Foundation.

Circle had previously banned accounts of crypto funds supported by Tether, but later received an arbitration ruling in support

According to the Financial Times, based on the latest publicly available court documents, the stablecoin issuer Circle had banned the crypto fund Heka Funds, supported by Tether, at the end of 2023 due to suspicions that it was manipulating the market through large-scale arbitrage operations and helping Tether expand its market share. The documents show that during the Silicon Valley Bank (SVB) crisis in 2023, USDC briefly fell below the $1 peg. Heka continuously bought discounted USDC in large quantities and redeemed it for cash from Circle. Circle believed that Heka's redemption scale far exceeded that of other market participants and suspected that the related funds ultimately flowed to Tether to help expand its USDT market size.Arbitration documents also revealed that Tether had invested about $800 million in Heka, accounting for about 75% of the fund's assets, and waived the stablecoin minting fees. The arbitrator found that Heka did not truthfully disclose its supportive relationship with Tether and was aware that the related information would raise concerns for Circle. In 2024, Heka initiated arbitration due to its account being frozen, claiming approximately $49 million in lost profits. In February of this year, the arbitrator dismissed all of Heka's claims, determining that it had engaged in malicious behavior and ordered it to pay Circle about $166,000 in attorney and expert fees. Heka denied any market manipulation and stated that it had never been subject to regulatory investigation; Circle declined to comment, and Tether did not respond to media requests for comment.
app_icon
ChainCatcher Building the Web3 world with innovations.